According to the Zhitong Finance App, ST Meichen (300237.SZ) issued an announcement. Shandong Meichen Industrial Group Co., Ltd. (“Meichen Industrial”), a wholly-owned subsidiary of the company, received a project notice for a leading domestic automobile brand (limited to a confidentiality agreement and unable to disclose its name, “customer” for short) fluid delivery system related products. The target project cycle is 6 years, and the estimated sales amount during the project period is about 104 million yuan.

This time, Meichen Industrial received a fixed notice from the customer, which is the customer's recognition of the company's related product development and supply qualifications. It is conducive to increasing the company's product market share and brand awareness, and also provides solid support for the company to further focus on its main business and further cultivate the auto parts field. This matter is not expected to have a significant impact on the company's operating performance this year. It is expected to have a positive impact on the company's future business performance and help enhance the company's overall profitability and market share.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.